Transferable factors and miles are among the many most beneficial currencies for journey rewards as a result of their versatility and resistance to devaluation. The power to switch rewards to a number of loyalty program companions reduces the affect of anyone program’s devaluation.
Some common transferable currencies embody American Specific Membership Rewards and Chase Final Rewards. The difficulty for some is that getting and utilizing these rewards requires holding a card with an annual price, similar to The Platinum® Card from American Specific (see charges and charges) or Chase Sapphire Reserve, respectively (take into accout, although, that not all annual charges are unhealthy).
In Capital One’s portfolio of playing cards, there’s an typically ignored card with no annual price that also has transferable rewards: the Capital One VentureOne Rewards Credit score Card.
The no-annual-fee Capital One SavorOne Money Rewards Credit score Card is a perfect complement to the VentureOne as a result of when you might have each journey rewards and cash-back playing cards from Capital One, you’ll be able to transfer rewards between the playing cards at a ratio of 1 cent to 1 mile. This implies which you could profit from glorious cash-back incomes potential whereas nonetheless having the ability to switch to companions.
Right here’s why the Capital One VentureOne and SavorOne rewards playing cards coupled collectively are probably the greatest no-annual-fee duos for journey rewards.
The VentureOne card’s earnings are easy. It earns a vast 1.25 miles per greenback on each buy and an elevated 5 miles per greenback on motels and rental vehicles booked by Capital One Journey.
Spending on eating places, grocery shops, leisure and common streaming providers, which earn 3% money again with the SavorOne card, is the place this duo actually begins to shine. This equates to three miles per greenback when the rewards are transferred to the VentureOne.
Moreover, by Nov. 14, 2024, cardholders earn 10% money again (10 miles per greenback) on Uber or Uber Eats purchases.
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One of many largest perks of the no-annual-fee VentureOne is the power to switch to companions as a substitute for cashing out by way of test or assertion credit with the SavorOne. This lets you both switch miles or earn money again when one presents a greater worth than the opposite.
TPG values Capital One miles at 1.85 cents every because of its beneficial switch companions, together with Singapore Airways KrisFlyer and British Airways Government Membership. The latter can be utilized to fly to and from London in fashion or for American Airways home flights.
Moreover, you’ll be able to switch miles to its resort companions, together with Accor Stay Limitless and Wyndham Rewards. General, which means that you should use your rewards from these two playing cards to redeem for flights and resort stays after which cowl any remaining taxes or charges with the money again.
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Welcome bonuses with out the charges
The VentureOne card’s sign-up bonus is 20,000 miles after you spend $500 on purchases within the first three months from account opening.
The sign-up bonus for the SavorOne card is $200 money again after you spend $500 within the first three months from account opening. When transferring the money again to VentureOne miles, you earn the identical 20,000 miles on each playing cards.
After finishing the minimal spending requirement for each playing cards, the mixed bonuses will yield 40,000 Capital One miles, value $740 by TPG’s valuations.
Along with the welcome bonus, the VentureOne and SavorOne haven’t any annual charges. Moreover, neither card has international transaction charges. To assist earn extra rewards, there is no such thing as a price so as to add approved customers to the account.
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Capital One does supply an analogous card duo with two of its extra premium playing cards: the Capital One Enterprise X Rewards Credit score Card and the Capital One Savor Money Rewards Credit score Card. And whereas these two playing cards each have annual charges, it could simply make sense to pay these charges in change for the extra perks in comparison with the no-annual-fee choices.
Whereas the VentureOne comes with a welcome supply of 20,000 miles after spending $500 within the first three months, the Enterprise X presents 75,000 miles after spending $4,000 throughout the first three months from account opening. That is virtually 4 occasions as many miles from the welcome supply alone and might simply assist to fly a household slightly than a person, or it could allow you to fly in enterprise class slightly than financial system.
The identical is true for the SavorOne versus the Savor, which earns a $300 welcome bonus after spending $3,000 throughout the first three months slightly than a $200 bonus for spending $500 in the identical timeframe. Though each the Enterprise X and Savor playing cards have considerably increased minimal spending necessities than their counterparts, the rise will be worthwhile should you can full it.
The Enterprise X has an annual price of $395 whereas the Savor’s annual price is $95. However, by not paying for the annual charges, you’re lacking out on some perks with solely the VentureOne and SavorOne playing cards.
For instance, the Enterprise X has a $300 annual journey credit score and a ten,000-mile yearly anniversary bonus, which alone make up for the annual price. Alternatively, the elevated spending multiplier of two miles on each buy as an alternative of 1.25 miles on the VentureOne will assist accrue many extra miles.
That is along with the extra luxurious perks of the Enterprise X, similar to lounge entry world wide and as much as $100 in assertion credit for TSA PreCheck or World Entry.
The Savor operates equally, providing 4 miles for each greenback spent at eating places and on leisure, in comparison with the three miles per greenback with the SavorOne.
The data for the Capital One Savor Money card has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or supplied by the cardboard issuer.
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Although the sign-up bonuses and general earnings on purchases are lower than their premium counterparts, the Capital One VentureOne and SavorOne Rewards playing cards nonetheless supply no international transaction charges and the power to mix and switch miles to the identical wonderful companions.
For these searching for no-frills playing cards that can permit them to journey inexpensively, the VentureOne and SavorOne duo is a superb choice to entry transferable rewards.